First National Trust Co Sells 2,198 Shares of iShares Gold Trust (NYSEARCA:IAU)

First National Trust Co lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.2% in the 4th quarter, Holdings Channel reports. The firm owned 17,511 shares of the exchange traded fund’s stock after selling 2,198 shares during the period. First National Trust Co’s holdings in iShares Gold Trust were worth $683,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IAU. Redhawk Wealth Advisors Inc. boosted its stake in iShares Gold Trust by 2.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock valued at $445,000 after buying an additional 262 shares during the last quarter. Ieq Capital LLC increased its position in iShares Gold Trust by 0.7% in the third quarter. Ieq Capital LLC now owns 41,123 shares of the exchange traded fund’s stock worth $1,439,000 after purchasing an additional 266 shares during the last quarter. Asset Dedication LLC raised its stake in iShares Gold Trust by 2.5% during the third quarter. Asset Dedication LLC now owns 11,334 shares of the exchange traded fund’s stock valued at $396,000 after purchasing an additional 278 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in iShares Gold Trust by 10.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 282 shares during the last quarter. Finally, First Financial Corp IN lifted its position in iShares Gold Trust by 19.9% during the fourth quarter. First Financial Corp IN now owns 1,715 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock traded down $0.03 during trading hours on Friday, reaching $43.52. The company’s stock had a trading volume of 10,297,347 shares, compared to its average volume of 10,135,161. The firm has a 50 day moving average price of $42.32 and a 200-day moving average price of $39.59. iShares Gold Trust has a one year low of $34.35 and a one year high of $45.98.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.